Plenty of action at auctions
AUCTIONS are proving a fast method of selling, with the latest figures revealing properties listed for auction are selling within on average 43 days.
Days on market in Brisbane for all types of sales at the moment is 83 days, so auction results appear well below that average.
Traditionally there are fewer properties offered for auction in Brisbane and Queensland than other states, but clearance rates have held steady for some months now.
A few agents have reported higher numbers of registered bidders and strong interest at properties going to auction in recent weeks.
John McLeod of Harcourts Inner East took a home at Canopus St, Coorparoo to auction as part of a deceased estate and achieved a solid result.
It had been the family home of Graham, Peter, Lloyd and Paul Hunter.
Mr McLeod said it had previously been on the market with another agent for two months with a list price of $670,000.
He said the hightes offer received during that time was $620,000.
It was later listed through Mr McLeod and scheduled for auction where it sold under the hammer for $705,000 after a four-week campaign.
There were 12 registered bidders vying for the property.
The two-bedroom weatherboard home was set on a 809sq m block of land.
The number of auctions held every weekend, will start to pick up in the next couple of weeks.
Among them is a renovated colonial at Frederick St, Annerley to go under the hammer on March 6.
It is being sold by Pitman Properties. Property records reveal it bought the property in November last year.
At that time it was on a 1884sq m block. The land has now been subdivided and the house is being offered for sale on a 567sq m parcel of land.
It has six bedrooms and three bathrooms.
The home is being marketed through Ben White and Judy Goodger of Place.
A house at 53 Canopus St, Coorparoo (above) delivered a solid result for the seller at auction; while a nhome at 74 Frederick St, Annerley (below) goes to auction on March 6.